213,30. GBP JPY broke 213,70 support. GBP JPY is in an downtrend directed by 1H exponential moving averages. GBP JPY is in a consolidation after the last bearish movement. The volatility is high. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum. The target is expected at 210,50 (280 pips).
=> We could take a short position at 213,30. We will put the stop loss above 214,00 (-70 pips). The targets are 212,00 (+130 pips) 210,50 (+280 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
213,70 - 215,00
212,00 - 210,50